Applying Data Science in Real-Time

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The Data, Information, Knowledge, Wisdom pyramid is a representation of the logical progression in data analysis solutions. Wisdom is at the top of the pyramid, indicating the highest possible level of analysis and should be the end goal in order to produce competitive data science services.

Raw data will serve as the building blocks of your service or product, particularly providing customers with real-time data. The next step is to use the data and put it into context, giving customers information, or insight on what to do based on the data. Collecting different information data points and making a connection between them provides knowledge. This is where information converges to provide insight. Insight is what helps your product get to the final level of wisdom. Wisdom allows you to make predictions based on what is known about the near future. Using this framework to enhance your data science products is important to becoming competitive.